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List of trading losses

From Wikipedia, the free encyclopedia
(Redirected from Trading loss)

The following contains a list of trading losses of the equivalent of US$100 million or higher. Trading losses are the amount of principal losses in an account.[1] Because of the secretive nature of many hedge funds and fund managers, some notable losses may never be reported to the public. The list is ordered by the real amount lost, starting with the greatest.

This list includes both fraudulent and non-fraudulent losses, but excludes those associated with Bernie Madoff's Ponzi scheme (estimated in the $50 billion range) as Madoff's losses were not from trading.

Nominal amount lost USD FX
rate[2]		 USD equivalent USD
inflation
to 2007[3]		 2007 USD amount lost Country Company Source of loss Year Person(s) associated with incident
at time of loss
USD 35 bn United StatesSituational Awareness[4]leveraged trading of AI-related stocks2026 Leopold Aschenbrenner
USD 10 bn 1 USD 10 bn -19.4% USD 8.06 bn  United States Archegos Capital Management[5] Total return swaps 2021 Bill Hwang
USD 9 bn1USD 9 bn−3.7%USD 8.67 bn United StatesMorgan Stanley[6]Credit Default Swaps2008 Howie Hubler
USD 9 bn1USD 9 bn−7.0%USD 8.37 bn United KingdomJPMorgan Chase[7]Credit Default Swaps2012 Bruno Iksil
USD 8 bn1USD 8 bn−12.3%USD 7.01 bn ChinaTsingshan Holding Group[8]Short positions on nickel2022
USD 6.12 (EUR 4.9) bn0.679USD 7.22 bn−3.7%USD 6.95 bn FranceSociété Générale[9]European Index Futures2008 Jérôme Kerviel
USD 6.5 bn1USD 6.50 bn2.8%USD 6.69 bn United StatesAmaranth Advisors[10]Gas Futures2006 Brian Hunter
USD 4.6 bn1USD 4.6 bn27.2%USD 5.85 bn United StatesLong Term Capital Management[11]Bond Arbitrage1998 John Meriwether
EUR 4 bnUSD 4 bn NetherlandsPFZW[12]Oil futures2020
USD 4.5 bn 1 USD 4.5 bn -19.4% USD 3.6 bn  United States Melvin Capital[13] Short positions on Gamestop and other US equities 2021 Gabe Plotkin
USD 4.1 bn1USD 4.1 bn-14.9%USD 3.49 bn United StatesPershing Square[14]Valeant Pharmaceuticals2015-2017 Bill Ackman
JPY 285 bn108.78USD 2.62 bn32.1%USD 3.46 bn JapanSumitomo Corporation[15]Copper Futures1996 Yasuo Hamanaka
USD 4.2 bnUSD 4.2 bnUSD 4.2 bn SingaporeThree Arrows Capital[16]Cryptocurrency speculation2022 Kyle Davies & Su Zhu
EUR 2.7 bn1USD 2.7 bn−7.0%USD 2.7 bn NetherlandsVestia[17]Interest Rate Swaps, Swaptions2012 Marcel Vries
USD 1 bn1USD 1 bn252.5%USD 2.52 bn United StatesHunt BrothersSilver1980 William Hunt, Nelson Hunt
BRL 4.62 bn1.833USD 2.52 bn−3.7%USD 2.43 bn BrazilAracruz[18][19]FX Options2008 Isac Zagury, Rafael Sotero
USD 2.4 bnUSD 2.4 bn United StatesSemGroup[20]Oil Futures2008
USD 1.7 bn[21]1USD 1.7 bn39.9%USD 2.38 bn United StatesOrange County[22]Leveraged bond investments1994 Robert Citron
DEM 2.63 bn1.655USD 1.59 bn43.5%USD 2.28 bn GermanyMetallgesellschaft[23]Oil Futures1993 Heinz Schimmelbusch[24]
JPY 166 bn111.08USD 1.49 bn43.5%USD 2.14 bn JapanShowa Shell Sekiyu[25][26]FX Forwards1993
JPY 153.6 bn102.18USD 1.50 bn39.9%USD 2.09 bn JapanKashima Oil[26]FX Forwards1994
USD 2 bnUSD 2 bn United StatesSoros Fund Management[27]Russian Equities1998
USD 2 bnUSD 2 bn United StatesTiger Management[28]Shorting Japanese yen1998
USD 2 bn1USD 2 bn−8.5%USD 1.83 bn United KingdomUBS[29]Equities ETF and Delta 12011 Kweku Adoboli
HKD 14.7 bn7.786USD 1.89 bn−3.7%USD 1.82 bn ChinaCITIC Pacific[30]Foreign Exchange Trading2008 Frances Yung
GBP 827 mn0.633USD 1.31 bn36.1%USD 1.78 bn SingaporeBarings Bank[31]Nikkei Futures1995 Nick Leeson
RUB 78.5 bn 38.98 USD 2.01 bn −12.6% USD 1.76 bn  Russia Transneft[32][33][34][35] Derivatives 2014 Maksim Grishanin, VP Finance
USD 1.8 bn1USD 1.8 bn−3.7%USD 1.74 bn United StatesDeutsche Bank[36]Derivatives2008 Boaz Weinstein
USD 1.6 bnUSD 1.6 bn United StatesIcahn Enterprises[37]Hertz2020 Carl Icahn
JPY 130 bnUSD 1.6 bn JapanAIJ Investment Advisors[38]Volatility options2012 Kazuhiko Asakawa
USD 1.75 (EUR 1.4) bn0.923USD 1.29 bn [39]20.4%USD 1.56 bn AustriaBAWAG[40]Foreign Exchange Trading2000 [39] Wolfgang Flöttl, Helmut Elsner[40]
USD 1.1 bn1USD 1.10 bn36.1%USD 1.50 bn JapanDaiwa Bank[41]Bonds1995 Toshihide Iguchi
USD 0.80 bn1USD 0.80 bn82.5%USD 1.46 bn United KingdomSoros Fund[42]SP 500 Futures1987 George Soros
CAD 2.1 bn 1.406 USD 1.5 bn -20% USD 1.19 bn 🇨🇦 Canada Alberta Investment Management Corporation[43][44] Volatility Selling 2020 Peter Pontikes & David Triska[44]
USD 0.94 (EUR 0.75) bn0.679USD 1.10 bn−3.7%USD 1.06 bn FranceGroupe Caisse d'Epargne[45][46]Derivatives2008 Boris Picano-Nacci
BRL 2 bn1.833USD 1.09 bn−3.7%USD 1.05 bn BrazilSadia[18][19][47]FX and Credit Options2008 Adriano Ferreira, Álvaro Ballejo
EUR 0.730 bn USD 1 bn≈ USD 1 bn≈ Italy Monte dei Paschi di Siena[48] Synthetic CDOs
Credit Default Swaps on Italian government bonds
Equity swaps on Intesa Sanpaolo shares[49]		 2005-2009
USD 1 bn Saudi ArabiaSaudi National Bank[50]Credit Suisse2023
GBP 0.4 bn0.611USD 0.66 bn29.2%USD 0.85 bn United KingdomMorgan Grenfell[51]Shares1997 Peter Young
USD 0.6 bn1USD 0.60 bn39.9%USD 0.84 bn United StatesAskin Capital Management[52]Mortgage-Backed Securities1994 David Askin
USD 0.75 (EUR 0.60) bn1.371USD 0.82 bn0.0USD 0.82 bn GermanyWestLB[53]Common and Preferred Shares2007 Friedhelm Breuers[54]
USD 0.69 bn1USD 0.69 bn15.3%USD 0.80 bn United StatesAIB/Allfirst[55]Foreign Exchange Options2002 John Rusnak
S$1.13 bnUSD 0.80 bn SingaporeHin Leong TradingOil2020
DEM 0.47 bn2.587USD 0.18 bn320.6%USD 0.76 bn GermanyHerstatt Bank[56][57]Foreign Exchange Trading1974 Dany Dattel
USD 0.77 bnUSD 0.77 bn United StatesArkansas Teacher Retirement System[58]volatility-trading fund2020
USD 0.68 bn0%USD 0.68 bn ChinaUnipecOil2018 [59][60]
USD 0.65 bn United StatesQuantum FundJapanese Yen Shorting1994 Stanley Druckenmiller[61]
CAD 0.68 bn1.066USD 0.64 bn0%USD 0.64 bn CanadaBank of Montreal[62][63]Natural gas derivatives2007 David Lee, Kevin Cassidy [64][65]
USD 0.6 bn United StatesQuantum FundShort IT stocks during the internet bubble1999 Stanley Druckenmiller[61]
USD 0.55 bn1USD 0.55 bn9.8%USD 0.60 bn ChinaChina Aviation Oil (Singapore)[66]Oil Futures and Options2004 Chen Jiulin
USD 0.57 bn ChinaCOSCO Shipping[67]Freight derivatives2008
CHF 0.63 bn1.451USD 0.43 bn27.2%USD 0.55 bn SwitzerlandUnion Bank of Switzerland[68]Equity Derivatives1998 Ramy Goldstein
USD 0.52 bnUSD 0.52 bn United StatesState Teachers Retirement System of Ohio[69]Panda Power Funds2011-2021
EUR 0.48 bn 1.08 USD 0.519 bn USD 0.35 bn  France Électricité de France S.A.[70] French electricity contracts 2021
USD 0.44 bn1USD 0.44 bn82.5%USD 0.44 bn United StatesKnight Capital GroupEquities2012 Thomas Joyce
USD 0.28 bn1USD 0.28 bn82.5%USD 0.51 bn United StatesMerrill Lynch[71]Mortgages (IOs and POs) Trading1987 Howard A. Rubin
USD 0.28 bn1USD 0.28 bn82.5%USD 0.51 bn United StatesState of West Virginia[72]Fixed Income and Interest Rate Derivatives1987 A. James Manchin
USD 0.35 bn1USD 0.35 bn39.9%USD 0.49 bn United StatesKidder Peabody[73]Government Bonds1994 Joseph Jett
USD 0.4 bn1USD 0.40 bn20.4%USD 0.48 bn United StatesManhattan Investment Fund[74]Short IT stocks during the internet bubble2000 Michael Berger
USD 0.37 (EUR 0.30) bn1.244USD 0.37 bn9.8%USD 0.41 bn AustriaHypo Alpe-Adria-Bank International[75]Foreign Exchange Trading2004
1USD 0.4 bn United StatesPershing Square[76]Netflix2022 Bill Ackman
USD 0.35 bn1USD 0.35 bn0.0%USD 0.35 bn United StatesCalyon[77]Credit Derivatives2007 Richard "Chip" Bierbaum
USD 0.36 bn1USD 0.36 bn0.0%USD 0.36 bn SingaporePetro-Diamond Singapore[78][79][80]Oil derivatives2019 Wang Xingchen, Jack[81]
AUD 0.36 bn1.171USD 0.31 bn9.8%USD 0.34 bn AustraliaNational Australia Bank[82]Foreign Exchange Trading2004 Luke Duffy, Gianni Gray, Vince Ficarra & David Bullen[83]
JPY 28.6 bnUSD 0.34 bn JapanTateho Chemical IndustriesBond futures1987[84]
JPY 32 bnUSD 0.34 bn JapanTokyo SecuritiesBond futures1994[84]
USD 0.3 bn QatarQatar Investment Authority[85]Credit Suisse2023
USD 0.078 bn1USD 0.078 bn320.4%USD 0.328 bn SwitzerlandLloyds Bank[86]Foreign Exchange Trading1974 Marc Colombo
CAD 0.36 bnUSD 0.32 bn CanadaChristopher DeVocht[87]Stocks2022
USD 0.37 (EUR 0.30) bn0.895USD 0.27 bn17.1%USD 0.31 bn BelgiumDexia Bank[88]Corporate Bonds2001
USD 0.296 bn (EUR 0.26) bn1.11USD 0.296 bn-1%USD 0.296 bn Hong KongNatixis[89]Equities Derivatives2018
USD 0.25 bn+1USD 0.25 bn+ United StatesParplus Partners[90]CBOE Volatility Index futures and options2020 Jim Carney
USD 0.225 bn1USD 0.225 bn43.5%USD 0.30 bn United StatesFXCM[91]Foreign exchange2015
USD 0.207 bn1USD 0.207 bn43.5%USD 0.30 bn ChileCodelco[92]Copper, silver, gold futures1993 Juan Pablo Davila
EUR 0.160 1.1 USD 0.176 bn 0% USD 0.176bn  Germany BNP Paribas Arbitrage Structured products 2016 Armin S.[93]
JPY 11.5 bnUSD 0.28 bn Japan/ United StatesFuji Bank New York Branch[84]Foreign exchange trading1984
USD 0.28 bn United KingdomAllied-Lyons[94]FX derivatives1991
USD 0.28 bn1USD 0.28 bn United StatesRaytheon Technologies Corporation[95]volatility-trading fund2020
JPY 9.7 bnUSD 0.24 bn Japan/ SingaporeDai-Ichi Kangyo Bank Singapore BranchForeign exchange trading1982Haruo Kanda[84]
JPY 22.9 bnUSD 0.23 bn JapanNanzan Gakuen[96]Equity derivatives2008
USD 0.16 bn1USD 0.16 bn39.9%USD 0.22 bn United StatesProcter & Gamble[97]Interest rate derivatives1994 Raymond Mains
USD 0.04 bn1USD 0.04 bn433.8%USD 0.214 bn SwitzerlandUnited California Bank of Basel[98]Cocoa futures1970Paul Erdman
USD 0.2 bn1USD 0.20 bn6.2%USD 0.21 bn ChinaState Reserves Bureau Copper Scandal[99]Copper Futures2005 Liu Qibing[100]
HKD 1.38 bnUSD 0.17 bn Hong KongChinese Estates[101]Evergrande2021
GBP 0.09 bn0.611USD 0.15 bn29.2%USD 0.19 bn United KingdomNatWest[102]Interest Rate Options1997 Kyriacos Papouis
USD 0.039 bn1USD 0.039 bn320.4%USD 0.164 bn United StatesFranklin National Bank[103]Foreign Exchange Trading1974Peter Shaddick
USD 0.11 bn1USD 0.11 bn39.9%USD 0.15 bn United StatesCuyahoga County, Ohio[104]Leveraged Fixed Income1994
JPY 15.4 bnUSD 0.15 bn JapanKomazawa Gakuen[105]Currency Derivatives2008
SEK 1.23 bn7.804USD 0.15 bn−4.8%USD 0.143 bn SwedenHQ BankEquity Derivatives2010 Fredrik Crafoord, Mikael König, Patrik Enblad
USD 0.15 bnUSD 0.15 bn United StatesOptionSellers.com[106]commodity trading2018James S. Cordier
USD 0.15 bn United KingdomSoftbank Vision Fund[107]Paytm2024
JPY 13.9 bnUSD 0.14 bn JapanNippon Steel ChemicalBond futures1993[84]
USD 0.14 bn1USD 0.14 bn−3.7%USD 0.13 bn United StatesMF Global[108]Wheat Futures2008 Evan Dooley
N/AUSD 0.13 bn JapanSelf-PortfolioBitcoin2017-2018 Masayoshi Son[109]
USD 0.120 bn1USD 0.12 bn−3,7%USD 0.12 bn United StatesMorgan Stanley[110]Credit-index options2008 Matt Piper
USD 0.12 (EUR 0.1) bn1USD 0.12 bn−1%USD 0.12 bn NorwayEinar Aas[111]Nordpool Power Derivatives2018 Einar Aas
JPY 11.9 bnUSD 0.12 bn JapanNippon SansoInterest rate swap1995[84]
USD 0.1 bn1USD 0.10 bn15.3%USD 0.12 bn CroatiaRiječka Banka[112]Foreign Exchange Trading2002 Eduard Nodilo
HKD 1 bnUSD 0.12 bn Hong KongBlue River Holdings[113]Evergrande Vehicle2021
USD 0.11 bn United StatesBerkshire Hathaway[114]Paytm2023
USD 0.1 bn United KingdomBalyasny London[115]Event-driven investing2023George Klavdianos

See also

[edit]

References

[edit]
  1. ↑ Doss, Jason R.; Frankowski, Richard S. (2013). "The Practitioner's Guide to Securities Arbitration". Chicago: American Bar Association. p. 85. Archived from the original on 2014-10-06.
  2. ↑ "Foreign Exchange Rates (Annual), Federal Reserve Statistical Release G.5A". Annual average for year quoted in table (usually year loss reported). All except AUD, EUR, GBP expressed as currency per USD
  3. ↑ "US Consumer Price Index". Archived from the original on 2017-12-01. Using annual average CPI for year cited to 2007 average.
  4. ↑ How Leopold Aschenbrenner built a $45 billion AI hedge fund — and lost most of it in days, CNBC, Hugh Son, July 31, 2026
  5. ↑ "Archegos poses hard questions for Wall Street". www.ft.com. 29 March 2021. Retrieved 2021-03-30.
  6. ↑ Hubler, Howie (2010-03-24). "Howie Hubler of New Jersey: The Return of a Subprime Villain". The New York Observer. Retrieved 2015-06-18.
  7. ↑ JPMorgan's 'London Whale' Loss Rises to $3 Billion as Lawsuits Fly, Time
  8. ↑ "Chinese Nickel Giant Tsingshan Faces $8 Billion Trading Loss as Ukraine War Upends Market". The Wall Street Journal. March 8, 2022. Retrieved March 9, 2022.
  9. ↑ Schwartz, Nelson D. (2008-01-25). "A Spiral of Losses by a 'Plain Vanilla' Trader". The New York Times. Retrieved 2008-01-25.
  10. ↑ Brian Hunter, Amaranth, hedge funds, Bloomberg Businessweek, "A Rogues' Gallery of Traders", September 16, 2011. Retrieved 2014-01-09.
  11. ↑ FAILED WIZARDS OF WALL STREET, BusinessWeek, 1998-09-21. Retrieved 2008-03-21
  12. ↑ "Pensioenfonds Zorg en Welzijn na miljardenverlies uit olietermijnmarkt", Het Financieele Dagblad, November 17, 2020.
  13. ↑ Aliaj, Ortenca (31 January 2021). "Hedge fund Melvin sustains 53% loss after Reddit onslaught". Financial Times. Retrieved 1 February 2021.
  14. ↑ "Bill Ackman Lost $7.7 Million Per Day on Valeant Stock, 2017-03-15. Retrieved 2018-02-11". Archived from the original on 2018-02-13. Retrieved 2018-02-12.
  15. ↑ Rogue copper trader draws eight-year prison term Archived 2009-01-10 at the Wayback Machine, Japan Times, 1998-03-26. Retrieved 2008-03-21
  16. ↑ Wieczner, Jen. "The Crypto Geniuses Who Vaporized a Trillion Dollars". Intelligencer. Archived from the original on 2022-08-15. Retrieved 2026-04-14.
  17. ↑ Vestia claims, Time
  18. 1 2 "Brazil Stocks Tumble After Aracruz, Sadia Post Currency Losses". Bloomberg.com. 26 September 2008. Retrieved 27 April 2010.
  19. 1 2 "Aracruz Fails to Settle $2.13 Billion Derivative Loss (Update6)". Bloomberg.com. 12 December 2008. Retrieved 27 April 2009.
  20. ↑ Officer, Ari J. (November 14, 2008). "What Caused the Big Slide in Oil Prices". Time – via content.time.com.
  21. ↑ The Effect of the Orange County Bankruptcy on Residential Real Estate Prices[permanent dead link], Thomas A. Evans, Chicago Graduate School of Business, November 14, 2006
  22. ↑ Greenwald, John (December 19, 1994). "The California Wipeout". Time. Archived from the original on May 14, 2007. Retrieved 2007-07-22.
  23. ↑ "Metallgesellschaft Reports Talks With Ex-Chief Fail". The New York Times. April 5, 1996 – via NYTimes.com.
  24. ↑ "International Harald Tribune, August 10, 2007".
  25. ↑ "Showa Shell Sekiyu K.K." www.fundinguniverse.com. Retrieved 27 April 2009.
  26. 1 2 "Determined Loser. (Kashima Oil)". The Economist. April 16, 1994.
  27. ↑ Morgenson, Gretchen (August 27, 1998). "INTERNATIONAL BUSINESS; Soros's Quantum Fund Losses in Russia Put at $2 Billion" – via NYTimes.com.
  28. ↑ "Tiger fund tamed by yen". CNN Money. 1998-10-08. Archived from the original on February 15, 2002.
  29. ↑ Adoboli, Kweku (2011-09-15). "Kweku Adoboli arrested". Business Insider. Retrieved 2008-03-25.
  30. ↑ "CITIC Pacific warns potential $2 billion forex losses, Reuters October 20, 2008". Reuters.
  31. ↑ Rogue Trader: How I Brought Down Barings Bank and Shook the Financial World by Nick Leeson and Edward Whitley (Hardcover - Mar 1996) ISBN 0-316-51856-5
  32. ↑ How Gref and Tokarev downshifted Russia Moscow Post, February 12, 2016.
  33. ↑ "Мы устанавливаем важные обновления. Доступ к сайту появится в ближайшее время" (PDF). www.transneft.ru.
  34. ↑ "Мы устанавливаем важные обновления. Доступ к сайту появится в ближайшее время" (PDF). www.transneft.ru.
  35. ↑ "Чистая прибыль «Транснефти» упала в 2,7 раза из-за финансовых расходов". Ведомости. April 9, 2015.
  36. ↑ Ng, Scott Patterson and Serena. "Deutsche Bank Fallen Trader Left Behind $1.8 Billion Hole - WSJ". WSJ.
  37. ↑ Carl Icahn Exits Bankrupt Hertz at Loss of Almost $1.6 Billion Bloomberg
  38. ↑ (in Japanese) 消えた年金、回収率6% AIJ元社長に実刑判決 The Nikkei. December 19, 2013.
  39. 1 2 The trading that generated losses ended in 2000 but the losses were not uncovered until 2006. The USD equivalent shown here is for 2000; it is often quoted as USD 1.9 bn which is the euro amount converted at the 2006 FX rate.
  40. 1 2 Groendahl, Boris (July 13, 2007). "Trial begins Monday for suspects in Austrian bank scandal". New York Times. Retrieved 3 May 2010.
  41. ↑ An Unusual Path to Big-Time Trading, New York Times, September 27, 1995. Retrieved 2008-01-24
  42. ↑ Martin Schwartz, Paul Flint, Dave Morine, Pit Bull: Lessons from Wall Street's Champion Day Trader Archived 2012-11-08 at the Wayback Machine, pg. 171, HarperBusiness, 1999 ISBN 0-88730-956-9
  43. ↑ "AIMCo's $3 Billion Volatility Trading Blunder | Institutional Investor". www.institutionalinvestor.com. Retrieved 2026-02-02.
  44. 1 2 "AIMCo parts with executives who oversaw $2.1-billion investing loss". The Globe and Mail. 2020-06-24. Retrieved 2026-02-02.
  45. ↑ Caisse d'Epargne chairman resigns after trading loss, Reuters, October 19, 2008
  46. ↑ "France nabs trader over Caisse d'Epargne losses". www.politicalscandalnews.com / AFP Global Edition. 30 October 2008. Archived from the original on 2017-12-06. Retrieved May 4, 2010.
  47. ↑ "Perdigão Acquires Sadia". ThePoultrySite.com. 20 May 2009. Retrieved 27 April 2010.
  48. ↑ Bernabei, Silvia; Aloisi, Stefano (2013-02-06). "Monte Paschi puts derivatives loss at 730 million euros". Reuters. Retrieved 2020-10-01.
  49. ↑ "MPS: Alexandria Santorini e Nota Italia. Ecco la storia dei tre derivati prima del CDA di oggi". Money.it (in Italian). 2013-02-06. Retrieved 2021-05-13.
  50. ↑ Saudi National Bank loses over $1 billion on Credit Suisse investment, March 20, 2023. Natasha Turak. CNBC.
  51. ↑ Morgan Grenfell case study at ERisk.com Deprecated link archived 2006-03-18 at archive.today
  52. ↑ "Sad episodes of Global securitisation: The Hall of Shame". Archived from the original on 2008-05-09. Retrieved 2008-03-09.
  53. ↑ Pressure mounts on WestLB to merge after reporting big trading losses, International Herald Tribune, August 30, 2007
  54. ↑ WestLB ousts top traders after losses, Times Online, April 5, 2007
  55. ↑ Allied Irish Banks case study at ERisk.com Archived 2006-11-15 at the Wayback Machine
  56. ↑ Markham, Jerry W. (2002). A Financial History of the United States, Volume 1. Armonk, NY: me Sharpe. p. 20.
  57. ↑ Heckinger, Richard; David Marshall; Robert Steigerwald (November 1, 2009). "Financial Market Utilities and the Challenge of Just-In-Time Liquidity" (PDF). Chicago Fed Letter (268a). Chicago: Federal Reserve Bank of Chicago.
  58. ↑ Teachers’ Pension Lost $774M in Allianz Volatility Funds: Lawsuit Institutional Investor. July 21, 2020.
  59. ↑ "Chinese Oil Trader's $688 Million Loss Drags Down Sinopec Profit". Bloomberg.com. 27 January 2019.
  60. ↑ Hornby, Lucy (25 January 2019). "Sinopec reveals $690m quarterly loss from crude hedging". Financial Times.
  61. 1 2 Batnick, Michael (2018) Big Mistakes: The Best Investors and Their Worst Investments
  62. ↑ Star, Toronto (May 31, 2024). "Breaking News - Headlines & Top Stories | The Star". Toronto Star.
  63. ↑ Pasternak, Sean B. (2007-05-17). "Bank of Montreal Raises Trading Loss to C$680 Million (Update6)". www.bloomberg.com.
  64. ↑ "U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 20811". November 18, 2008. Retrieved 28 April 2009.
  65. ↑ Former bank natgas trader gets $500,000 fine-CFTC Reuters, 6-November-2009
  66. ↑ "Jail term for China Aviation boss", BBC News, 21 March 2006
  67. ↑ "Cosco shares fall after $577 million derivative loss", MarketWatch, December 16, 2008
  68. ↑ The Fall of the UBS: The Reasons Behind the Decline of the Union Bank of Switzerland by Dirk Schutz, ISBN 0-944188-20-6
  69. ↑ Teachers pension fund loses $525M on Panda Power deal. Dayton Daily News. March 27, 2021.
  70. ↑ "EDF Power Traders Lost 'Shocking' €480 Million as Energy Prices Surged". Bloomberg.com. 2023-05-18. Retrieved 2023-05-19.
  71. ↑ Anatomy of a Staggering Loss, New York Times, 1987-05-11, Retrieved 2008-01-24
  72. ↑ Treasurer of West Virginia Retires Over Fund's Losses, New York Times, July 10, 1989. Retrieved 2008-03-22
  73. ↑ In the Matter of Orlando Joseph Jett, U.S. Securities and Exchange Commission, March 5, 2004
  74. ↑ The Bankruptcy Development That Has Wall St. Worried, New York Times, 2007-02-23. Retrieved 2008-01-24
  75. ↑ Banking: Watchdogs caught napping, Financial Times, 2007-10-29. Retrieved 2008-01-24
  76. ↑ Ackman gives up on Netflix, taking $400 million loss as shares tumble, April 21, 2022, CNN
  77. ↑ Calyon Trader Fired for Losses Says He's No Rogue, Bloomberg, 2007-10-10. Retrieved 2009-06-01
  78. ↑ Mitsubishi's Singapore unit loses $441m on unauthorised crude oil trading, Straits Times 2019-09-20. Retrieved 2019-09-20
  79. ↑ 当社海外連結子会社での損失発生について Mitsubishi Corp. 2019-09-20. Retrieved 2019-09-20
  80. ↑ "Losses from Overseas Subsidiary's Crude Oil Trading". Mitsubishi Corp. 2019-09-20.
  81. ↑ "Oil trader at Mitsubishi's Singapore unit fired for losing $441m denies making hidden bets | the Straits Times". www.straitstimes.com. 25 September 2019. Retrieved 2019-09-25.
  82. ↑ Former NAB trader pleads guilty, The Age, 2005-06-14. Retrieved 2013-03-16
  83. ↑ "The World Today - NAB rogue traders jailed". Australian Broadcasting Corporation. 5 July 2023.
  84. 1 2 3 4 5 6 Nikkei Inc. (1997) 銅マフィアの影 ドキュメント・住商事件 (A Trap of the Cooper-Fingers: Sumitomo Corp. Scandal); 世界の主な金融・商品取引の失敗例(金額順) ISBN 4532146348
  85. ↑ Exclusive: Qatar fund explored claims against Switzerland for Credit Suisse losses
  86. ↑ "Rogue Trading at Lloyds Bank International, 1974: Operational Risk in Volatile Markets By Catherine Schenk 2017" (PDF).
  87. ↑ B.C. man sues RBC after earning then losing $415M on Tesla stocks
  88. ↑ "Dexia sink $374.49 (€300)m in bond fraud: a mere drop in the ocean". Retrieved 2008-03-09.{{cite web}}: CS1 maint: deprecated archival service (link)
  89. ↑ "Natixis's Pursuit of Exotic Trades Falters with $296 Million Hit". Bloomberg.com. 18 December 2018.
  90. ↑ Segal, Julie (2020-03-27). "A Hedge Fund CEO Bragged About Not Taking Management Fees. He Was Right — Sort of". www.institutionalinvestor.com.
  91. ↑ Schaefer, Steve (2015-01-16). "Swiss Franc Stunner Claims Victims, Currency Broker FXCM Bludgeoned". www.forbes.com. Forbes.
  92. ↑ "Codelco takes $200 million hit". Futures (Cedar Falls, Iowa). Futures Magazine Group. 1 March 1994. ISSN 0746-2468. Retrieved 27 April 2009.
  93. ↑ Niesmann, Andreas (2016-06-05). "Bank-Irrtum zu seinen Gunsten". focus.de. Retrieved 2017-03-24.
  94. ↑ "Allied-Lyons Reports Big Loss on Currency", New York Times, March 20, 1991
  95. ↑ Raytheon Technologies Joins Crowd of Investors Suing Allianz. Institutional Investor. April 13, 2021.
  96. ↑ 法令違反の疑いも浮上する 名門・南山学園の資産運用の闇 (in Japanese) Weekly Diamond; Diamond Inc.; February 21, 2013.
  97. ↑ Procter & Gamble's Tale of Derivatives Woe, International Herald Tribune, 1994-04-14. Retrieved 2008-01-24
  98. ↑ Smith, Adam (September 4, 1972). "How My Swiss Bank Blew $40 million And Went Broke". New York Magazine. pp. 23–32 – via Google Books.
  99. ↑ City gripped by mystery of the phantom copper dealer, The Times, 2005-11-15. Retrieved 2008-01-24
  100. ↑ Copper bottom, The Observer, November 20, 2005
  101. ↑ "Chinese Estates to post US$190 million loss as disposal of China Evergrande shares weighs heavily on bottom line", Cheryl Arcibal. South China Morning Post. 8 January 2022.
  102. ↑ SFO probes NatWest black hole, Daily Telegraph, 1997-06-27. Retrieved 2008-01-24
  103. ↑ Allan, John H. (May 14, 1974). "Franklin National Bank Dismisses Its President". The New York Times – via NYTimes.com.
  104. ↑ Significant Losses Stemming from the Termination of Its SAFE Investment Program Erode County's Previously Substantial Financial Margins Archived 2010-06-09 at the Wayback Machine, Business Wire, Jan 5, 1995. Retrieved 2008-03-22
  105. ↑ 駒澤大学、運用損失でBNPパリバなどに約170億円を賠償請求 (in Japanese) J-Cast News; February 21, 2012.
  106. ↑ This hedge fund manager lost an estimated $150 million, so he went on YouTube to say sorry Josh Katzowitz. Daily Dot.
  107. ↑ After Berkshire Hathaway, Softbank exits Paytm at loss of around $150 million
  108. ↑ Rogue Wheat Trader Blamed for $141 Million Loss, New York Times, 2006-02-28. Retrieved 2008-03-03
  109. ↑ Levy, Rachael; Hoffman, Liz (2019) "SoftBank Founder Masayoshi Son Lost $130 Million on Bitcoin" Wall Street Journal
  110. ↑ Craig, Suzanne; Mollenkamp, Carrick (2008-06-19). "Still 'Brutal' at Morgan Stanley". The Wall Street Journal. Dow Jones. p. C1. The trader, identified as Matt Piper, handled credit-index options that can act as insurance against defaults.
  111. ↑ "Trader blows €100m hole in Nasdaq's Nordic power market". Financial Times. 2018-09-13. Retrieved 2024-07-26.
  112. ↑ Croat trader puts bank in $109.87 (£70)m crisis, Daily Telegraph, 2003-03-24. Retrieved 2008-01-24
  113. ↑ China Evergrande Group, David Webb.
  114. ↑ Warren Buffett's Berkshire Hathaway exits Paytm at a 40% loss TechCrunch
  115. ↑ [https://news.bloomberglaw.com/capital-markets/balyasny-shuts-klavdianos-trades-after-100-million-loss Balyasny Shuts Klavdianos’ Trades After $100 Million Loss (1)
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